Use the Poisson Model to Approximate the Probability

question 169

Multiple Choice

Use the Poisson model to approximate the probability. Round your answer to four decimal places.
-The probability that a car will have a flat tire while driving through a certain tunnel is 0.00004. Use the Poisson distribution to approximate the probability that among 11,000 cars passing through this tunnel, at most two will
Have a flat tire.

• A) 0.9898
• B) 0.0726
• C) 0.0623
• D) 0.9377
• E) 0.9274

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Definitions:

Budget Surpluses

The situation in which a government's revenues exceed its expenditures during a specific period of time, allowing for savings or debt reduction.

Public Choice Analysis

The study of political behavior using methods and principles of economics, focusing on the self-interest motives of participants and the impact of their behavior on public policy.

Rational Personal Choice

The decision-making process by individuals that results in the optimal level of benefit or utility for the individual, based on personal preferences and available information.

Personal Benefit

The advantage or gain that an individual receives from making a decision or undertaking an action.